Kunick's figures fail to amuse

Kunick's new chief executive has faced the City for the first time with dire profit figures from the amusement machines and health clubs operator.

Colin Daniels, who succeeded Russell Smith in September after two profit warnings in a fortnight, is to parachute in a new chief executive for the leisure facilities arm and 'terminate' the lossmaking French games machines business.

Pre-tax profits in the year to 30 September fell to £8m from £10.9m. The dividend is pegged at 1.025p.